RE:Best to wait for the permit...too much downside riskmetalhead666 wrote: If for any reason the permit doesn't get issued TGB stock will plummet. There's not that much to be gained by owning it now as once issued there will be years of gains to come. I sold. Will wait
The market doesn't appear to be concerned with this story, witnessed by a 5+% up day, and for good reason. Look, we've been realists about this issue all along. While it's easy to be emotional about an update such as this article, the only thing that has changed is the timeline for actually receiving the permit. As God awful as the US EPA is, they still can't deny the permit without cause...that will stand up in Court. Yes, if the suits want to stall the matter, they can. Will that cause the share price to retract? Probably. That said, it's still prudent to look at the totality of the issue. If the EPA had major concerns, Taseko management wouldn't be so steadfast with their continual upbeat comments concerning the permit status. Not slamming you for selling your shares here at all as that is certainly understandable. Simply reconfirming our position that this is nothing more than the Feds being a pain in the azz. As always, time will tell.